Suncor Energy (NYSE:SU) Downgraded by StockNews.com to "Hold"

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU was downgraded by StockNews.com from a "buy" rating to a "hold" rating in a research note issued on Wednesday.

Separately, Morgan Stanley boosted their price objective on Suncor Energy from $50.00 to $52.00 and gave the company an "overweight" rating in a report on Thursday, March 28th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Suncor Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $52.00.

Suncor Energy Trading Up 0.3 %

Shares of NYSE:SU traded up $0.13 during mid-day trading on Wednesday, hitting $39.07. The company had a trading volume of 5,082,685 shares, compared to its average volume of 4,233,032. The company has a market capitalization of $50.29 billion, a PE ratio of 8.31, a price-to-earnings-growth ratio of 3.38 and a beta of 1.11. Suncor Energy has a one year low of $27.59 and a one year high of $39.73. The firm has a fifty day moving average price of $37.15 and a 200 day moving average price of $34.12. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.44 and a quick ratio of 0.88.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last announced its quarterly earnings data on Wednesday, February 21st. The oil and gas producer reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.13. The firm had revenue of $10.39 billion for the quarter, compared to analyst estimates of $8.46 billion. Suncor Energy had a net margin of 16.33% and a return on equity of 16.08%. During the same quarter in the prior year, the business earned $1.33 earnings per share. As a group, research analysts forecast that Suncor Energy will post 3.77 EPS for the current year.

Institutional Trading of Suncor Energy

Several hedge funds have recently made changes to their positions in the company. Johnson Financial Group Inc. purchased a new stake in Suncor Energy in the 4th quarter worth about $25,000. Richardson Financial Services Inc. purchased a new position in shares of Suncor Energy in the fourth quarter worth about $25,000. Optiver Holding B.V. bought a new stake in shares of Suncor Energy in the third quarter valued at approximately $29,000. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Suncor Energy by 43.2% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,038 shares of the oil and gas producer's stock valued at $33,000 after buying an additional 313 shares in the last quarter. Finally, Adirondack Trust Co. boosted its holdings in Suncor Energy by 45.6% in the 4th quarter. Adirondack Trust Co. now owns 1,000 shares of the oil and gas producer's stock worth $34,000 after buying an additional 313 shares during the period. 67.37% of the stock is currently owned by institutional investors.

Suncor Energy Company Profile

Suncor Energy Inc operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products.

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